New Delhi, Aug. 15 -- India's merchandise exports showed a strong performance in July, registering an increase of around 7.3 per cent to 37.24 billion dollars on an annual basis. According to provisional data by the Ministry of Commerce and Industry, major drivers of goods exports growth were engineering goods, gems and jewellery, electronics, pharmaceuticals and organic and inorganic chemicals.

Among these, electronic goods exports increased around 34 per cent from 2.81 billion dollars in July 2024 to 3.77 billion dollars last month. However, the merchandise trade deficit increased to an eight-month high of 27.35 billion dollars in July. This was due to sharp rise of 8.6 per cent in imports which stood at 64.59 billion dollars during th...